California Residency
$39.00
Determining when a taxpayer is considered a resident of California, how income is allocated between states, and when nonresidents may still owe California tax are critical issues that can dramatically affect a client’s return.
This course will explore California residency rules in depth, drawing from both state regulations and real-world court cases. We’ll discuss the key factors that make a taxpayer a resident, and how those rules apply when individuals move into or out of the state. We’ll also review sourcing rules for various types of income, including wages, business income, and investment income, and examine how community property rules further complicate the picture.
Special attention will be given to taxpayers relocating out of California, where mistakes in planning or reporting can lead to ongoing taxation long after a client believes they’ve cut ties with the state. By the end of this session, you’ll have a clearer framework for advising clients on residency, ensuring compliance, and minimizing risk in audits or disputes.
What You’ll Learn:
- Factors to consider when determining California residency.
- How income is taxed to residents, nonresidents, and part-year residents.
- Impact of community property on income for residents.
- Sourcing rules for various types of income.
Course number: 1008-CE-01202
1 CA Tax Law Hour
